02.59 EST Gold, “the ultimate Trump hedge” hits record high Gold has hit a new record high this morning, as nervous investors seek out a safe haven asset. The spot price of gold has gained 0.6% today, to a new alltime high of $2,861.78 per ounce. Gold has now gained 9% so far this year, adding… Continue reading Trump fears drive gold to record high, as yuan hit by US-China trade war – business live
Author: The Guardian Online News
UK and European stock markets tumble amid ‘Trump tariff tantrum’
Spain’s IBEX (pictured) dropped by 1.7%, while Germany’s DAX index fell by 2% and France’s CAC 40 by 1.9%. Photograph: Vega Alonso Del Val/EPA View image in fullscreen Spain’s IBEX (pictured) dropped by 1.7%, while Germany’s DAX index fell by 2% and France’s CAC 40 by 1.9%. Photograph: Vega Alonso Del Val/EPA UK and European… Continue reading UK and European stock markets tumble amid ‘Trump tariff tantrum’
UK car production falls to lowest level since 1954
A hybrid Nissan Juke sports utility vehicle on the production line at the Nissan factory in Sunderland, UK pictured in 2023. Photograph: Bloomberg/Getty Images View image in fullscreen A hybrid Nissan Juke sports utility vehicle on the production line at the Nissan factory in Sunderland, UK pictured in 2023. Photograph: Bloomberg/Getty Images UK car production… Continue reading UK car production falls to lowest level since 1954
Tesla sees disappointing fourth-quarter earnings amid declining car deliveries
Tesla cars charging at a Tesla supercharger in Novato, California on 2 May 2024. Photograph: Justin Sullivan/Getty Images View image in fullscreen Tesla cars charging at a Tesla supercharger in Novato, California on 2 May 2024. Photograph: Justin Sullivan/Getty Images Tesla sees disappointing fourth-quarter earnings amid declining car deliveries Despite disappointing sales and delivery figures,… Continue reading Tesla sees disappointing fourth-quarter earnings amid declining car deliveries
Dowlais deal shows crisis in the UK stock market is getting worse
Dowlais was demerged from the British engineering firm Melrose in 2023. Photograph: Timon Schneider/Alamy View image in fullscreen Dowlais was demerged from the British engineering firm Melrose in 2023. Photograph: Timon Schneider/Alamy Dowlais deal shows crisis in the UK stock market is getting worse Nils Pratley It should be the GKN Automotive owner taking over… Continue reading Dowlais deal shows crisis in the UK stock market is getting worse
US rival agrees £1.2bn deal for British car parts firm in new hit to UK stock market
A worker sorts car parts at a UK factory run by GKN Automotive, the main Dowlais operation. Photograph: David Levenson/Alamy View image in fullscreen A worker sorts car parts at a UK factory run by GKN Automotive, the main Dowlais operation. Photograph: David Levenson/Alamy US rival agrees £1.2bn deal for British car parts firm in… Continue reading US rival agrees £1.2bn deal for British car parts firm in new hit to UK stock market
UK reportedly planning electric car loan subsidies to push sales
Electric vehicles in particular have been affected by the industry-wide sales slowdown. Photograph: John Walton/PA View image in fullscreen Electric vehicles in particular have been affected by the industry-wide sales slowdown. Photograph: John Walton/PA UK reportedly planning electric car loan subsidies to push sales Ministers in talks with vehicle finance sector about making more low-interest… Continue reading UK reportedly planning electric car loan subsidies to push sales
How Trump tariffs could upend car markets in Europe, the US and China
Hummer electric vehicles at the General Motors factory in Detroit. Trump has said he will remove subsidies for US electric car production. Photograph: Dominick Sokotoff/REX/Shutterstock View image in fullscreen Hummer electric vehicles at the General Motors factory in Detroit. Trump has said he will remove subsidies for US electric car production. Photograph: Dominick Sokotoff/REX/Shutterstock Analysis… Continue reading How Trump tariffs could upend car markets in Europe, the US and China
Australia’s road toll hits 12-year high as pedestrian and cyclist fatalities rise
Australia’s road toll in 2024 was 1,300, 18.5% higher than in 2021 when a 10-year plan to halve road deaths was introduced. Photograph: Jono Searle/AAP View image in fullscreen Australia’s road toll in 2024 was 1,300, 18.5% higher than in 2021 when a 10-year plan to halve road deaths was introduced. Photograph: Jono Searle/AAP Australia’s… Continue reading Australia’s road toll hits 12-year high as pedestrian and cyclist fatalities rise
Tesla takes EU to court over tariffs on EVs made in China
Tesla Model 3 vehicles at the carmaker’s factory in Shanghai, China. Photograph: Aly Song/Reuters View image in fullscreen Tesla Model 3 vehicles at the carmaker’s factory in Shanghai, China. Photograph: Aly Song/Reuters Tesla takes EU to court over tariffs on EVs made in China Elon Musk’s company still imports large number of cars into Europe… Continue reading Tesla takes EU to court over tariffs on EVs made in China